Summer Intern, Strategic Investments Group – Funds & Advisory at New York City Economic Development Corporation

New York, New York, United States

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Economic Development, Finance, InvestmentsIndustries

Requirements

Undergraduate or graduate student (implied from intern class composition)
Preferred field(s) of study: P (incomplete in description, likely e.g., finance, business, economics, or related)

Responsibilities

Develop a working knowledge of impact investing, particularly in the context of NYCEDC
Support diligence in the form of market analysis, business model evaluation, and financial analysis
Assist with the preparation of presentations and memorandums—to deal teams, NYCEDC executive staff, and City officials—to inform decision-making
Assist with updating marketing materials, program overviews, and other external facing collateral
Support outreach and education efforts to inform other organizations – including investment fund managers, community development financial institutions, real estate developers, investment banks, consultants, and other agencies – about available NYCEDC programs and to learn about what is happening in the broader impact investment ecosystem
Assist with portfolio monitoring and reporting
Conduct qualitative and quantitative research on how to further develop and expand SIG’s programs, including new impact investment programs as well as strategic opportunities
Assist team members with the impact investment process, including market research, pipeline sourcing, financial analysis, investment structuring, execution, and portfolio management

Skills

impact investing

fund management

venture capital

loans

hybrid investments

credit enhancement

financial structuring

economic development

New York City Economic Development Corporation

Supports community development and job creation

About New York City Economic Development Corporation

New York City Economic Development Corporation focuses on enhancing the economic landscape of New York City by collaborating with local communities. The organization implements various initiatives aimed at developing industries and businesses, which in turn helps to create quality job opportunities. Their approach includes offering training and skill-building programs to equip residents with the necessary tools for employment. Additionally, they invest in essential infrastructure to support these efforts. Unlike other organizations, their mission is specifically centered on community engagement and public investment, ensuring that the benefits of economic development are felt at the neighborhood level. The ultimate goal is to foster strong, vibrant communities through sustainable economic growth.

New York City, New YorkHeadquarters

1991Year Founded

VENTURE_UNKNOWNCompany Stage

Government & Public Sector, Social ImpactIndustries

501-1,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

401(k) Retirement Plan

401(k) Company Match

Tuition Reimbursement

Professional Development Budget

Wellness Program

Gym Membership

Backup childcare

Flexible Work Hours

Employee Discounts

Risks

Competition from cities like Los Angeles could attract businesses away from NYC.

Maintaining long-term partnerships is challenging, as seen in delayed projects.

Rising demand for tech talent may increase costs for NYCEDC's initiatives.

Differentiation

NYCEDC partners with NYU-led incubators to foster innovation since 2009.

The Pilots at BAT program integrates climate innovation into urban development projects.

NYCEDC collaborates with OpenAI to enhance NYC's AI startup ecosystem.

Upsides

Digital game design incubators attract tech talent and foster innovation in NYC.

Partnership with OpenAI positions NYC as a hub for AI startups.

Atlantic Aviation's agreement extension boosts eco-friendly transportation initiatives.

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